IPMG - International Precious Minerals Group Message Board

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Gold/Mining/Energy : IPMG - International Precious Minerals Group

IPMG 0.0001000

0.0%

Mar 7 3:00 PM EST

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To: creede who wrote (168)	10/4/2005 10:50:16 AM
From: rrm_bcnu	Read Replies (1) of 799

A bit of "back of the envelope" valuation, but well within the ball park. It appears that the seed wave of the current price move has been defined at a top of .02... That means that the pWave2 retracement could decline to .0135 (.618 fib) or .0116 (.50 fib) prior to moving on up. The expansion targets for the defined seed wave are as follows: 1.382 = .026 1.500 = .028 1.618 = .030 2.000 = .037 2.618 = .048 The 50 day EMA should provide support. It resides at .013 The 200 day EMA provides resistance. It resides at .0517 The current drop in price is normal profit taking. I recommend longs hold and not be spooked by the shake out. weak hands will jump ship so that strong support will profit that much more. rrm

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